As the buy-now-pay-later payment model continues to grow in popularity, Shopify is unleashing a new feature that will allow its hundreds of thousands of merchants to offer customers the option of shopping through installment plans.
The new product, Shop Pay Installments, will be powered through an exclusive partnership with buy-now-pay-later giant Affirm in the United States. The Ottawa-based ecommerce platform said the new payment plan option will be enabled for all customers by default when they switch on Shopify Payments.
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